Teradyne's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Teradyne's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Note that during this call we are providing slides on the website that may be helpful to you in following the discussion. To view them, simply access the investor Page of the site and click on the Live Webcast icon.

In addition, replays of this call will be available via the same page about 24 hours after the call ends. The replays will be available along with the slides through May 12.

The matters that we discuss today will include forward-looking statements that involve risk factors that could cause Teradyne's results to differ materially from management's current expectations. We encourage you to review the Safe Harbor statements contained in the earnings release, as well as our most recent SEC filings for a complete description. Additionally, those forward-looking statements are made as of today, and we take no obligation to update them as a result of developments occurring after this call.

During today's call, we will make reference to non-GAAP financial measures. We have posted additional information concerning these non-GAAP financial measures, including reconciliation to the most directly comparable GAAP financial measure were available on our website. To view them, go to the Investor Page and click on the GAAP to non-GAAP reconciliation link. Also, you may want to note that between now and our next conference call, Teradyne will be participating in the Bank of America Merrill Lynch conference on May 9, in San Francisco, Craig-Hallum Investor conference on May 30 in Minneapolis, Cowen and Company's Annual TMT Conference on May 31 in New York, and SEMICON West in San Francisco in July.

Now, let's get on with the rest of the agenda. First, our CEO, Mike Bradley, will review the state of the company and the industry in the first quarter and provide our outlook for the second quarter. Then, our CFO, Greg Beecher, will provide more details on our quarterly performance, along with our guidance for the second quarter. We'll then answer your questions. For scheduling purposes, you should note that we intend to end this call after one hour. Mike?